C.R.S. Section 15-15-410
Purchaser from grantee-beneficiary protected

(1)

Subject to the rights of claimants under section 15-15-407 (2), if the property acquired by a grantee-beneficiary or a security interest therein is acquired for value and without notice by a purchaser from, or lender to, a grantee-beneficiary, the purchaser or lender shall take title free of rights of an interested person in the deceased owner’s estate and shall not incur personal liability to the estate or to any interested person.

(2)

For purposes of this section, any recorded instrument evidencing a transfer to a purchaser from, or lender to, a grantee-beneficiary on which a state documentary fee is noted pursuant to section 39-13-103, C.R.S., shall be prima facie evidence that the transfer was made for value. Any such sale or loan by the grantee-beneficiary shall not relieve the grantee-beneficiary of the obligation to the personal representative of the deceased owner’s estate under section 15-15-103.

Source: Section 15-15-410 — Purchaser from grantee-beneficiary protected, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-15.­pdf (accessed Oct. 20, 2023).

15‑15‑101
Nonprobate transfers on death 15‑15‑102
Will not to affect joint tenancy in real property or personalty 15‑15‑103
Liability of nonprobate transferees for creditor claims and statutory allowances 15‑15‑201
Definitions 15‑15‑202
Limitation on scope of part 15‑15‑203
Types of account 15‑15‑204
Forms 15‑15‑205
Designation of agent 15‑15‑206
Applicability of part 15‑15‑211
Ownership during lifetime 15‑15‑212
Rights at death 15‑15‑213
Alteration of rights 15‑15‑214
Accounts and transfers nontestamentary 15‑15‑216
Community property and tenancy by the entireties 15‑15‑221
Authority of financial institution 15‑15‑222
Payment on multiple-party account 15‑15‑223
Payment on POD designation 15‑15‑224
Payment to designated agent 15‑15‑225
Payment to minor 15‑15‑226
Discharge 15‑15‑227
Set-off 15‑15‑301
Definitions 15‑15‑302
Registration in beneficiary form 15‑15‑303
Registration in beneficiary form 15‑15‑304
Origination of registration in beneficiary form 15‑15‑305
Form of registration in beneficiary form 15‑15‑306
Effect of registration in beneficiary form 15‑15‑307
Ownership on death of owner 15‑15‑308
Protection of registering entity 15‑15‑309
Nontestamentary transfer on death 15‑15‑310
Terms, conditions, and forms for registration 15‑15‑311
Application of part 15‑15‑401
Definitions 15‑15‑402
Real property - beneficiary deed 15‑15‑403
Medicaid eligibility exclusion 15‑15‑404
Form of beneficiary deed - recording 15‑15‑405
Revocation - change - revocation by will prohibited 15‑15‑406
Acknowledgment 15‑15‑407
Vesting of ownership in grantee-beneficiary 15‑15‑408
Joint tenancy - definitions 15‑15‑410
Purchaser from grantee-beneficiary protected 15‑15‑411
Limitations on actions and proceedings against grantee-beneficiaries 15‑15‑412
Nontestamentary disposition 15‑15‑413
Proof of death 15‑15‑414
Disclaimer 15‑15‑415
Applicability
Green check means up to date. Up to date

Current through Fall 2024

§ 15-15-410’s source at colorado​.gov